Business Recorder, 17 Jul 2011SINGAPORE: Singapore is reviewing its 2011 GDP forecasts but expects no big adjustment despite global sluggishness and its own economy slowing in the second quarter, Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam was quoted as saying on Sunday.
Singapore announced last week that GDP contracted a seasonally adjusted, annualised 7.8 percent quarter-on-quarter in the April-June period, leading some economists to say the government's 5-7 percent GDP growth forecast for the full year may be difficult to achieve. Full story
